The market exuberance that erupted after the Nov. 5 election is still going strong, even if some of the biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, but the shares actually fell on the week — a whopping 0.02%. Yet, with a market capitalization of $3.476 trillion […]
Cryptocurrency
Van Eck reissues $180K Bitcoin price target for current market cycle
Global investment manager Van Eck has reissued its $180,000 price target for Bitcoin at the peak of the current cycle. In its latest Bitcoin report on Nov. 21, Van Eck digital asset analysts Nathan Frankovitz and Matthe Sigel said the next phase of the crypto bull market is only “just beginning.” They predicted that an increasingly friendly […]
Is It Too late to Buy Bitcoin as It Threatens $100,000?
Bitcoin TC -0.25%) enthusiasts are rejoicing as the cryptocurrency continues to set new all-time highs. Earlier this month it surpassed its long-held high of just under $74,000 and in a few short weeks it’s up more than 25%. Priced at $100,000, a target once many investors could only dream about, is squarely within striking distance […]
Bitcoin reaches record high, vaults toward $100,000
Bitcoin vaulted to a record high on Thursday, surging more than 3% in early trading and hurtling toward investors’ long-sought milestone of $100,000. The price of bitcoin briefly exceeded $98,000 for the first time on Thursday morning, before retreating to about $97,600. The value of the world’s most popular cryptocurrency has soared 31% since the […]
If You Bought $1 Worth Of Bitcoin At Launch, Here’s How Much You’d Have Today
The price of leading cryptocurrency Bitcoin BTC/USD continues to hit new all-time highs, breaking several records since the 2024 presidential election. Investors who bought earlier this year or ahead of the election have generated strong profits, but nowhere near the gains that investors got being early believers in the cryptocurrency. What Happened: In October 2008, […]
Bitcoin Going to $140K Says Trio of AIs Managing $30M Investment Fund
There’s a $30 million fund that, for all intents and purposes, leaves all investment decisions to be made by artificial intelligence (AI). The firm’s name: Intelligent Alpha. Its staff includes founder and CEO Doug Clinton, a few programmers and contractors, and a trio of AIs — OpenAI’s ChatGPT, Google’s Gemini and Anthropic’s Claude. The AI […]
$1B Pours Into US Bitcoin ETFs in a Single Day, Shaking Up the Market
U.S. Bitcoin ETFs Draw $1B in Daily Inflows as Ethereum Funds See Mixed Results According to data from sosovalue.com, Blackrock‘s IBIT fund, trading on Nasdaq, led the pack with $608.41 million in inflows, showcasing a strong level of investor enthusiasm. Meanwhile, Grayscale’s NYSE-listed GBTC fund experienced an outflow of $7.81 million, while Fidelity’s FBTC bitcoin fund on CBOE […]
Bitcoin hovers near $100,000 as post-election highs continue. Here’s what to know.
Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks. Now, bitcoin is at the doorstep of $100,000 and investors do not appear to be fazed by gravity or any cautionary tales of […]
MicroStrategy stock plummets 16% after new short bet with bitcoin trading at record highs
MicroStrategy (MSTR) shares plummeted more than 16% after short seller Citron Research said it had taken a new bet against the stock, which has gained over 500% this year. Even with Thursday’s decline, MicroStrategy stock has soared more than 50% since crypto-friendly President-elect Donald Trump’s victory earlier in November. Bitcoin itself is up roughly 30% […]
Bitcoin ETF options begin trading, ushering in a new way for investors to hedge their bitcoin exposure
Options on BlackRock’s popular iShares Bitcoin Trust ETF (IBIT) began trading on the Nasdaq Tuesday, ushering in a new way to trade and speculate on the price of bitcoin. IBIT traded 73,000 options contracts in the first 60 mins of trading Tuesday, Nasdaq told CNBC, placing the fund in the top 20 of the most active nonindex […]